Speeches

More than ever, having run out of room on monetary policy and having used up most of the existing room on fiscal policy, the G20 should go structural, go social and go green to deliver better policies for better lives.

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We cannot think “growth” and then only, as an afterthought, care about inequalities. This doesn’t imply that the objective of engineering stronger growth and higher productivity has become secondary or peripheral. We need to think about growth and inclusiveness imperatives together, right from the start of the policymaking process, in their circularity and complementarity.

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The OECD is committed to forging new pathways to secure a sustainable future for the planet and the world’s people. I commend Turkey for prioritising sustainable development across G20 workstreams in 2015 and look forward to continuing this important work under the Chinese Presidency in 2016.

Open data is an important part of the toolbox to achieve our goal of promoting robust and inclusive growth. Thus, the G20 must capture the exponential progress in digital technologies and the data revolution to deliver benefits to all segments of society.

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We see important synergies between the OECD’s work on SMEs and the agenda of the WSF. By joining forces, the OECD and WSF - along with other partners - can help foster SMEs’ contributions to inclusive and sustainable economies.

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Taking into account the severity of the crisis, a strong response of the international community is required to provide adequate support to the many refugees and asylum seekers and to better share the cost and strengthen international coordination.

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Global growth prospects have dimmed again. Since the crisis, we have become used to a familiar pattern: spring-time optimism followed by downgrades in growth forecasts as the year progresses. 2015 is no different.

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When we met a year ago, I underscored that the global economy was still struggling to find a path to a confident recovery and stronger growth, six years after the onset of the crisis. Unfortunately, one year later the picture is not any better, and we are growing accustomed to talking about “secular stagnation” as the “new normal”. What can we do to reverse this?

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Brazil finds itself at a turning point, and that is why the theme of today’s seminar is so important. During the early part of the 21st century, Brazil has become a leading economic power. Bucking the trends in most OECD countries, inequality has been coming down.